Emerson Electric Co. (NYSE:EMR) Sees Large Increase in Short Interest

Emerson Electric Co. (NYSE:EMR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 6,810,000 shares, an increase of 15.0% from the August 15th total of 5,920,000 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 2,620,000 shares, the short-interest ratio is presently 2.6 days.

Insider Activity

In other news, VP Lisa Flavin sold 48,718 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total value of $4,367,568.70. Following the completion of the transaction, the vice president now owns 51,748 shares in the company, valued at approximately $4,639,208.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lisa Flavin sold 48,718 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the transaction, the vice president now owns 51,748 shares in the company, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EMR. CGC Financial Services LLC bought a new position in shares of Emerson Electric in the second quarter worth $84,000. Farther Finance Advisors LLC boosted its holdings in Emerson Electric by 84.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,147 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 983 shares during the period. Dechtman Wealth Management LLC bought a new position in shares of Emerson Electric in the second quarter worth $338,000. ST Germain D J Co. Inc. bought a new stake in Emerson Electric during the second quarter valued at $1,410,000. Finally, Portside Wealth Group LLC purchased a new position in Emerson Electric during the second quarter worth about $4,716,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Stock Down 0.8 %

Shares of NYSE EMR traded down $0.79 during trading on Tuesday, hitting $98.82. 1,872,012 shares of the company traded hands, compared to its average volume of 3,183,210. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.38. Emerson Electric has a fifty-two week low of $72.40 and a fifty-two week high of $100.62. The business’s fifty day moving average is $95.35 and its 200 day moving average is $88.21. The firm has a market capitalization of $56.71 billion, a price-to-earnings ratio of 4.36, a P/E/G ratio of 2.32 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. Equities research analysts predict that Emerson Electric will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is 9.09%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EMR shares. HSBC raised Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $79.00 to $100.00 in a research note on Wednesday, June 14th. Stephens reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of Emerson Electric in a research note on Monday, August 7th. Barclays started coverage on Emerson Electric in a report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 target price on the stock. Argus raised Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Monday, August 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $105.67.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.